WHAT, ME WORRY?:

Thanks to Friday's selloff, the week past was basically "unch". But worry clouds still abound. Indicators such as McClellan Oscillator, NYSE cum.A/D, and VIX came off extremes, while others cause concern: CEO Insider (legal) selling was a whopping 55:1; NASD to NYSE Volume was a record 2.51.One Technician on TV last week advised using Bollinger Bands on this ratio. NYSE New Lows for the week were only 15, versus 374 NHs.
Newsletter Bulls climbed higher, while the AAII Bears dropped from 25% to 20%. Bullish % is now 83% - only 5 points off its multi-year high. A reader scooped Barron's to tell me the Baltic Dry Index, which has been posting new lows lately was apparently caused by overbuilding of ships, not the global economy signal, which should be corrected shortly.
Here are the numbers:

Date>		2/10/2012	2/3/2012
Indices:	DJIA	12801	12862
	NAZ	2903	2905
	SPX	1342	1344
NASD/NYSE	WklyVolume (Bshs).	9.3/3.7	9.6/4.4
nasd/nyse	Specul.Ratio hi=bullish	2.51	2.18
Sentiment:	put/call-CBOE	60	60
Barron's	VIX>50-alltmlow=8.8	20.8	17.1
	Advance/Dec-NYSE..	1254/1900	2496/665
	Weekly Net:	-646	1831
	Cumulative:	131921	132567
Weekly	NYSE hi/low	374/15	526/32
New Hi's/Low's	Nasdaq h/l	263/35	341/39
McClellan	Oscillator	-17	57
McClellan Sum	.+750/-1000	1325	1236
Newsletter	Inv.Intel -Bull:tues	52.1	48.9
Surveys	Bear:-5yrs	28.7	29.8
	AAII  -Bull :wed.	51.6	43.8
	Bear	20.2	25.1
COT:Change w/w	large/small (net)k	(13)/41	(12)/42
CEOinsider	selling	55:1	26:1
BalticDryIndex	GlobalEcon	695	651
3-box rev	Bullish%-	83	82
US equity -ICI	Fund Flows	1 wk lag	(1.8B)
MMF flows	Change in $B	(.8B)	(21B)
MargDebt- top (300M)	monthly OCT.
ETF:Eqty/Int'l/Bond	million$$ OCT.
2-yr Tsy Yield: Inflation		0.28%	0.24%
Euro futures	1 yr.offset-CommHedg	4.97M	4.89

With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance

Subscribe in a reader

WHAT, ME WORRY?: